Light and Very Light Jets Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Light And Very Light Jets Industry Overview

Embraer SA, Honda Aircraft Company, Cirrus Design Corporation, Textron Inc., and Pilatus Aircraft Ltd are some of the major players in the market. The market comprises only a few players developing light and very light jets in the industry. For instance, Flexjet Inc. acquired Flying Colours Corp., an aviation maintenance, repair, and overhaul company. This acquisition expands the private jet travel industry’s most significant maintenance and product support network, with facilities in the US, Canada, and Europe supporting Flexjet’s rapidly growing fleet. New players, like Stratos Aircraft, are about to enter the market with new aircraft models, like Strats 714 and 716X. In this market, efficiency, comfort, and reliability are the main aspects that customers seek before purchasing jets. Hence, the players are working to develop new aircraft with upgraded features in this regard. For instance, in 2022, Embraer delivered 66 light jets, and Embraer increased the aircraft deliveries by 12.7% compared to 2021.